Goel Construction shareholders approve all 29th AGM resolutions with 100% support
- All six resolutions at the 29th AGM passed with 100% shareholder support
- Total votes cast in favor stood at 10,514,600 with zero dissenting votes
- Board borrowing and granting powers increased via special resolutions
- Sushil Kumar Wali regularized as Independent Director for a three-year term
- Chairman Purushottam Dass Goel reappointed by rotation
*this image is generated using AI for illustrative purposes only.
Goel Construction Company Limited shareholders unanimously approved all six resolutions at its 29th Annual General Meeting held on August 31, 2026. The consolidated scrutinizer report confirms 100% support for every agenda item.
The meeting, conducted via Video Conferencing and Other Audio Visual Means, saw the reappointment of Chairman and Managing Director Purushottam Dass Goel by rotation. Shareholders also approved special resolutions to increase the Board’s borrowing and granting powers.
Voting Results
Remote e-voting was conducted from August 28 to August 30, 2026. A total of 10,514,600 votes were cast in favor of all resolutions, representing 100% of the votes polled. No votes were cast against any resolution, and there were no invalid or abstained votes.
| Resolution Type | Agenda Item | Status |
|---|---|---|
| Ordinary | Adoption of Audited Standalone Financial Statements for FY26 | Passed |
| Ordinary | Reappointment of Purushottam Dass Goel as Director | Passed |
| Special | Regularization of Sushil Kumar Wali as Independent Director | Passed |
| Ordinary | Ratification of Cost Auditor Remuneration | Passed |
| Special | Increase in Board Borrowing Power u/s 180(1)(c) Companies Act | Passed |
| Special | Increase in Board Granting Power u/s 180(1)(a) Companies Act | Passed |
Board Changes
Mr. Sushil Kumar Wali was regularized as an Independent Director. His three-year term commenced on March 18, 2026, and expires on March 17, 2029. Mr. Wali, a Chemical Engineer with over 45 years of experience in the cement and manufacturing sector, previously served as Whole-Time Director at JK Lakshmi Cement Ltd.
He is not related to any existing Director or Key Managerial Personnel of the company. The company confirmed he is not debarred from holding office by SEBI or any other authority.
Meeting Proceedings
Company Secretary Surbhi Maloo confirmed the requisite quorum was present throughout the meeting. Gaurav Goyal of M/s Gaurav G & Associates served as the scrutinizer for the voting process. The statutory auditors’ report contained no qualifications or adverse remarks, except for observations in the Secretarial Auditor’s report.
CFO Natwar Lal Ladha provided an overview of the financial performance for FY26. The management addressed questions from shareholders during the dedicated Q&A session. The meeting concluded at 5:00 pm.
Historical Stock Returns for Goel Construction Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.28% | -1.25% | -1.77% | +45.84% | +11.02% | +24.37% |
How will the increased borrowing powers approved by shareholders impact Goel Construction's debt-to-equity ratio and future capital expenditure plans?
What specific strategic initiatives or acquisitions might the expanded granting powers enable the Board to pursue in the upcoming fiscal year?
How does the appointment of Sushil Kumar Wali, with his extensive cement sector experience, align with Goel Construction's diversification or vertical integration strategies?
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